Kandi Technolgies Corp (KNDI)

[Destrabar]

What should Kandi work on next?

The obvious things for Kandi to work on next would be developing a version of the K32 UTV that would be allowed on highways and developing versions of the K23 and K27 NEVs that would be allowed to be driven at speeds greater than 25 mph in the U.S. However, Kandi could pursue a different direction instead of or in addition to developing mass-market electric vehicles.

The K32 UTV appears to be mainly suitable for agricultural and forestry uses. Kandi could try to develop other kinds of machines for the agricultural equipment market.

"Quality farm equipment is getting hard to find amid the supply chain shortage, many farmers and experts said, and its scarcity is driving up prices and raising questions about whether farmers' harvests and next year's planting season could be affected.

Some farmers are concerned that the shortage could grow worse after 10,000 John Deere workers went on strike last week. The company had reported record profits this year, and United Auto Workers union members walked off the job at 14 manufacturing plants when it refused to raise wages above 6 percent."


The farm equipment parts business could also be attractive.

"Tim Riley, an organic farmer in western Kansas, said he and other farmers around him have had to get creative because of the parts shortages and the challenges of fixing their own equipment."

"Everett, who operates the auction house in Iowa, said he knows multiple farmers who bought new John Deere combines more than eight months ago who still haven’t gotten them and bought different combines just to get through the season.

At times, he's been able to encourage farmers to buy two of the same tractor and cannibalize one for parts."

https://www.nbcnews.com/business/business-news/john-deere-strike-and-supply-chain-woes-has-farmers-worried-rcna3207